Islamabad —The Executive Committee of the National Economic Council (ECNEC), Friday, allowed the Ministry of Railways to procure 50 Diesel Electric Locomotives (2nd revised)” at the re-revised cost of Rs16300 million with FEC of Rs11755.435 million. The procurement will be completed by December.
The proposed locos will replace the 50 over-aged locomotives and will be used to haul freight and passenger services along with High Capacity Wagons fitted with air brakes and roller bearing. With the completion of the project the capacity of Pakistan Railways will improve many times, the meeting was informed.
The ECNEC met here with Finance Minister Ishaq Dar in the chair and approved six projects of national importance. “Gwadar-Nawabshah LNG Terminal and Pipeline Project (GNP)” was approved at the rationalised cost of Rs203,314.08m with Rs 135,128.46m as FEC. The project is expected to be completed in two years (2016-2018).
The key objective of this project is to overcome the shortage of natural gas supply by importing LNG at Gwadar. The scope of the project consists of construction of 700km pipeline having diameter of 42 inches from Gwadar to Nawabshah. EAD has agreed to discuss the financing arrangements for this project with EXIM Bank China.
ECNEC considered and approved the project of the “Irrigation Department, Government of Balochistan” for the Construction of 100 Small Dams in Balochistan- package III (20 Dams) in the different districts of Balochistan province at the rationalised cost of Rs7829.874m. The project will complete in three years.
The project will greatly benefit Balochistan in harnessing the flood flows and in this way supply about 175,500 acre-ft of conserved flood water for direct irrigation and drinking purposes and will benefit about 58,500 acres of fertile cultivable land.